AI video generation platform Hedra completes $32 million Series A financing, led by a16z Infra

Odaily Planet Daily News: AI video generation platform Hedra announced the completion of a $32 million Series A funding round, led by a16z Infra, with a16z Speedrun, Index Ventures, and Abstract participating. The latest round of funding will mainly be used to support team expansion and product development. Hedra plans to double the number of employees from the current 20 by the end of this year. The company also plans to enhance its Character-3 base model, invest in infrastructure to expand video rendering scale, and build enterprise centric workflows to achieve faster and higher quality video production. （Techfundingnews）